Liberty Latin America Ltd. (NASDAQ:LILA – Get Free Report) reached a new 52-week high during trading on Tuesday. The stock traded as high as $9.50 and last traded at $9.4010, with a volume of 15,682 shares changing hands. The stock had previously closed at $9.29.
Wall Street Analysts Forecast Growth
LILA has been the subject of several recent research reports. UBS Group upgraded shares of Liberty Latin America to a “hold” rating in a research note on Thursday, September 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, October 15th. Finally, Morgan Stanley downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a report on Thursday, August 20th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Sell” and a consensus price target of $7.00.
Get Our Latest Stock Analysis on Liberty Latin America
Liberty Latin America Stock Up 5.1%
The stock has a fifty day simple moving average of $8.50 and a two-hundred day simple moving average of $8.04. The firm has a market cap of $1.91 billion, a PE ratio of -10.50 and a beta of 0.78. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.
Liberty Latin America (NASDAQ:LILA – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.33). Liberty Latin America had a negative net margin of 3.86% and a negative return on equity of 16.82%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. As a group, sell-side analysts expect that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Angoitia Alfonso De bought 313,104 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the purchase, the director directly owned 476,190 shares in the company, valued at $9,976,180.50. The trade was a 191.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Malone acquired 69,454 shares of Liberty Latin America stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $8.50 per share, for a total transaction of $590,359.00. Following the completion of the transaction, the director directly owned 306,571 shares in the company, valued at approximately $2,605,853.50. The trade was a 29.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 713,505 shares of company stock worth $12,720,801 in the last three months. Insiders own 6.25% of the company’s stock.
Hedge Funds Weigh In On Liberty Latin America
Several institutional investors and hedge funds have recently bought and sold shares of LILA. Cook & Bynum Capital Management LLC purchased a new stake in Liberty Latin America during the 2nd quarter valued at $1,111,093. Renaissance Technologies LLC lifted its position in shares of Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after purchasing an additional 185,300 shares during the period. S&CO Inc. bought a new stake in shares of Liberty Latin America during the 2nd quarter valued at about $1,236,000. Bank of New York Mellon Corp bought a new stake in shares of Liberty Latin America during the 2nd quarter valued at about $3,140,000. Finally, Rubric Capital Management LP increased its position in shares of Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after buying an additional 1,806,935 shares during the period. 18.48% of the stock is currently owned by institutional investors.
About Liberty Latin America
Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks.
The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.
Liberty Latin America became an independent public company in 2018 after being spun off from Liberty Global.
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